Cap1 possibly opened their gate and letting me back in...

[Anonymous]

Discharge Date: 7/24/2018

Current Experian (FICO 8) 636

I'm basically following the SoulMaster's "700 in 24 months..." and I'm just wondering if I should pull the triger for a Cap1. According to the plan you need 3 cards and an installment loan which I have now. Also I'm keepeing an 8% balance on one card only, that reports every month and the rest gets paid off before the statements get cut. May end up with a differrent card that reports monthly but always just one with 8% or less with PIF right after the statement date.

Cap1 locked me out for a long time because I burned them quite badly but their prequal page all of a sudden shows 2 options, namely the Platinum MC or the QS1. With that said should I get the Cap1 and then possibly get rid of my Merrick Visa as it is a "subprime" with not much future or hang in the garden for a while instead. I'd like to have cards that are keepers with some possible limit increases in the future.

Here is what I got since discharge:

CreditOne opened 6/2018 $300 (closed in 10 months because of $95 fee)
Discover opened 8/2018 $1500 (secured for first 8 months with $200 deposit)
Ollo Mastercard opened 2/2019 $2000
Merrick Visa opened 5/2019 $750
SelfLender opened 3/2019 (4 pymts made out of 12 total)
Target RedCard opened 6/2019 $300

[Anonymous]

Hi

I doubt you will get a cap one card so soon.  I also went through bk 7 in july 2017 so its been two years.   I also have ollo and they will keep raising your limit.   I started with 2,000 and now up to 4300.  I didn't even have to ask.   Cap one approved me for store cards first and I just got a venture card for 10,000.  Pretty good i'd say.  My score is around 730 already.  So get a cap one store card and wait six months and then apply for reg card.   Helpful hint.   Get a saks or neiman card and buy something expensive and then return it.  It will look like u paid it off.  lol  Good luck

[Shooting-For-800]

Any Cap One prequals?

Cap One will let you in...just a matter of when.

I burned them and now have 85k available between 3 of their cards.

[Anonymous]

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@Shooting-For-800 wrote:

Any Cap One prequals?

Cap One will let you in...just a matter of when.

I burned them and now have 85k available between 3 of their cards.

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At the end of this month it's 1 year since my discharge and I've got prequal offer for Platinum MC or the QS1. I'm just hesitant to pull the triger since I don't know if it's the right time based on my progress as discribed in my original post above.

[FireMedic1]

Cap1 prequals are pretty solid. Stay away from the QS1. Go fo the Plat and upgrade 3-4 months after approval for cash back. You have what it takes now for the FICO bonus per say. Then say later to Merrick.

[pizza1]

Their prequels are pretty solid. As long as It offers you a set APR, not a range, then its good. Make sure all your CRA are open. They will triple pull. Good luck!

[lulumomma]

How long after discharge did it take for Cap1 to let you back in?

[pizza1]

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@lulumomma wrote:

How long after discharge did it take for Cap1 to let you back in?

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@lulumomma , who are you directing this question too? 

[lulumomma]

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@pizza1 wrote:

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@lulumomma wrote:

How long after discharge did it take for Cap1 to let you back in?

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@lulumomma , who are you directing this question too? 

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@pizza1 I thought I was replying to @shooting-For-800 I'm not sure what I did wrong. 

[FireMedic1]

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@lulumomma wrote:

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@pizza1 wrote:

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@lulumomma wrote:

How long after discharge did it take for Cap1 to let you back in?

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@lulumomma , who are you directing this question too? 

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@pizza1 I thought I was replying to @shooting-For-800 I'm not sure what I did wrong. 

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Its cool. You didnt do anything wrong. When you want to reply to a certain poster in a thread. Hit the quote button and type below the post you want to repsond to. I'll ping @Anonymous so they can answer your question.